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Freddie Mac

BUSINESS
March 7, 2013 | By E. Scott Reckard
Unlike the rampaging stock market, mortgage rates are in a holding pattern, with lenders offering the 30-year fixed loan this week at an average 3.52%, up from 3.51% last week, Freddie Mac said in its weekly survey. The interest rate on a 15-year fixed loan, a popular choice for borrowers refinancing mortgages, held steady at 2.76%, Freddie said Thursday. Borrowers would have paid 0.7% of the loan amount in upfront fees to the lender. QUIZ: How much do you know about mortgages?
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BUSINESS
August 14, 2013 | By E. Scott Reckard
Fixed mortgage rates held steady this week, according to home finance giant Freddie Mac, with lenders offering the 30-year home loan at an average of 4.4%, the same as last week. The average rate for a 15-year fixed loan was 3.44% compared to 3.43% a week ago, which is statistically unchanged. Start rates on adjustable mortgages were slightly higher, according to McLean, Va.-based Freddie Mac. The 30-year fixed rate hit an all-time low of 3.31% last November. The current higher rate would mean a person borrowing $200,000 now would pay $125 more per month compared with a person who borrowed when the rate was at its lowest, said Frank Nothaft, Freddie Mac's chief economist.
BUSINESS
October 10, 2013 | By E. Scott Reckard
Mortgage interest rates have leveled off at their lowest levels since June, with 30-year fixed-rate loans averaging 4.23%, statistically unchanged from 4.22% last week, according to Freddie Mac's weekly survey . The home finance giant's widely watched poll of what lenders are offering to solid borrowers showed the average rate for a 15-year fixed mortgage rising from 3.29% to 3.31%, also small enough to make no statistical difference. Freddie Mac pegged the 30-year average at 3.35% in early May. It shot up to 4.58% in August on widespread belief the Federal Reserve would taper off its efforts to keep interest rates low, then fell again when the Fed decided in September that the economy wasn't strong enough for it to do so.  QUIZ: Test your knowledge of the debt limit Borrowers would have paid lenders an average of 0.7% of the loan amount in fees and discount points to obtain the rate, according to the latest report, issued Thursday morning.
BUSINESS
February 21, 2013 | By E. Scott Reckard
Lenders were offering 30-year fixed mortgages at an average 3.56% this week, up slightly from last week, while the 15-year fixed loan held steady at 2.77%, according to Freddie Mac's weekly survey. Start rates on adjustable mortgages were flat to slightly higher, Freddie Mac said in the survey , released Thursday. The 30-year rate, pegged at 3.53% for the three previous weeks, is now up about a quarter of a percentage point from its record lows late last year.   QUIZ: How much do you know about mortgages?
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